Aviat Networks, Inc. (NASDAQ:AVNW) Receives Consensus Rating of “Buy” from Analysts

Shares of Aviat Networks, Inc. (NASDAQ:AVNW) have been given a consensus rating of “Buy” by the five ratings firms that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have covered the stock in the last year is $38.60.

A number of research firms have recently weighed in on AVNW. Roth Mkm dropped their target price on Aviat Networks from $43.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Lake Street Capital dropped their target price on Aviat Networks from $45.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. JMP Securities reissued a “market outperform” rating and set a $50.00 target price on shares of Aviat Networks in a report on Tuesday, October 8th. Northland Securities dropped their price target on Aviat Networks from $40.00 to $35.00 and set an “outperform” rating for the company in a research note on Tuesday, October 8th. Finally, StockNews.com downgraded Aviat Networks from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th.

Insider Activity at Aviat Networks

In other Aviat Networks news, CFO Michael Connaway bought 3,500 shares of the stock in a transaction on Friday, November 8th. The stock was purchased at an average price of $14.13 per share, with a total value of $49,455.00. Following the completion of the purchase, the chief financial officer now owns 57,893 shares in the company, valued at $818,028.09. The trade was a 6.43 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Pete A. Smith bought 3,000 shares of the stock in a transaction on Friday, November 8th. The shares were acquired at an average cost of $14.13 per share, with a total value of $42,390.00. Following the purchase, the chief executive officer now owns 298,539 shares of the company’s stock, valued at approximately $4,218,356.07. This represents a 1.02 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 7,400 shares of company stock valued at $106,110 over the last quarter. 4.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC bought a new stake in shares of Aviat Networks during the fourth quarter worth about $34,000. NBC Securities Inc. bought a new stake in shares of Aviat Networks during the third quarter worth about $62,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Aviat Networks during the third quarter worth about $263,000. BNP Paribas Financial Markets boosted its holdings in Aviat Networks by 635.0% in the third quarter. BNP Paribas Financial Markets now owns 14,244 shares of the communications equipment provider’s stock valued at $308,000 after acquiring an additional 12,306 shares during the last quarter. Finally, Barclays PLC boosted its holdings in Aviat Networks by 298.0% in the third quarter. Barclays PLC now owns 15,928 shares of the communications equipment provider’s stock valued at $344,000 after acquiring an additional 11,926 shares during the last quarter. Institutional investors and hedge funds own 78.62% of the company’s stock.

Aviat Networks Stock Down 0.1 %

AVNW opened at $19.47 on Monday. Aviat Networks has a fifty-two week low of $12.95 and a fifty-two week high of $38.85. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.40 and a current ratio of 1.72. The company has a market capitalization of $247.07 million, a P/E ratio of -62.81 and a beta of 1.69. The stock has a fifty day moving average of $17.50 and a 200-day moving average of $21.74.

About Aviat Networks

Aviat Networks, Inc provides microwave networking and wireless access networking solutions in North America, Africa, the Middle East, Europe, Latin America, and the Asia Pacific. The company offers outdoor, indoor, and split-mount radios; microwave routers, switches, and trunking; and private LTE, virtual fiber, and element management products; and hosted software products, such as aviat design, frequency assurance software, and health assurance software.